- Arlo Technologies press release (NYSE:ARLO): Q1 Non-GAAP EPS of $0.01 beats by $0.04.
- Revenue of $124.75M (+51.1% Y/Y) beats by $11.33M.
- Exceeded $100 million of ARR, ending Q1 at $101 million, growing 74% year over year.
- Record GAAP gross profit of $33.6 million, record non-GAAP gross profit of $34.5 million.
- GAAP gross margin of 26.9%; non-GAAP gross margin of 27.6%.
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Q2 2022 Outlook: Revenue of $105.0 million to $115.0 million.
- GAAP net loss per diluted share of $(0.19) to $(0.14), and non-GAAP net loss per diluted share of $(0.08) to $(0.03).
- Shares +15.73%.